News & Media

Read our latest press releases

2018

Gamescom 2018 announcements

THQ Nordic has announced the following updates for Business Area Games:

2018

THQ Nordic acquires Timesplitters

THQ Nordic today announced the acquisition of the video game trilogy Timesplitters.

2018

THQ Nordic AB (publ) publishes Q2 2018: EBIT INCREASED 73% TO SEK 52.5 MILLION

Our business continues to grow; net sales increased by 878% to SEK 837 m in the quarter. EBITDA was up 421% to SEK 206.9 m and EBIT increased by 73% to SEK 52.5 m compared to the same period last year. Both THQ Nordic and Koch Media contributed to the group’s EBIT in the quarter.

All in all, we had a stable quarter despite no major releases in any business area. We continue to work on both hard and soft synergies between our companies. The majority of our physical distribution of THQ Nordic in Europe has now moved to Koch Media. Digital back-catalogue sales continued to perform well. New digital revenue channels, such as subscription-based business models, made a notable gross margin contribution to the group.

There is an increasing excitement about our major upcoming releases, such as Darksiders 3, Metro Exodus and Biomutant. After the end of the quarter we announced the release date and pre-order offering for Darksiders 3. I expect our well invested pipeline of future products, of all sizes, to generate increased revenues and improved profitability over the coming years. We are now working hard to prepare all activities for the biggest event of the year, Gamescom, which opens next week in Cologne, Germany.

In order to fuel for further business growth and future acquisitions we completed a directed new share issue, raising proceeds of approximately SEK 1,448 m in June. I was pleased with the strong interest from investors and especially happy to see our long-term investors contributing again in the raising of capital, along with a handful of new, highly regarded institutional investors.

We continue to evaluate interesting investment opportunities in game development projects, potential acquisitions and strategic partnerships that could add considerable long-term value for the group and its shareholders. I have seen an increased interest to become part of our growing independent group of companies, especially after our recently completed transactions. Stay tuned!

– LARS WINGEFORS, FOUNDER & CEO

2018

Invitation to THQ Nordic’s Q2 presentation

THQ Nordic hereby invites you to a presentation in connection with the publishing of the interim report for the second quarter of 2018. The report will be published the same morning, well before the market opens.

2018

THQ Nordic acquires the German game developer and publisher HandyGames

THQ Nordic GmbH today announced the acquisition of the game developer and publisher HandyGames, headquartered in Giebelstadt, Germany.

2018

THQ Nordic completes a directed new share issue of 7.7 million Class B shares, raising proceeds of approximately SEK 1,448 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

The board of directors of THQ Nordic AB (“THQ Nordic” or the “Company”) has, based on the authorization given by THQ Nordic’s Annual General Meeting on May 16, 2018, and as communicated in the Company’s press release earlier today, resolved to carry out a directed new share issue of 7,700,000 Class B shares at a subscription price of SEK 188 per share (the “Directed new share issue”). Through the Directed new share issue, THQ Nordic will receive proceeds amounting to approximately SEK 1,448 million before transaction costs. The subscription price in the Directed new share issue has been determined through a so-called “accelerated book-building” procedure led by Carnegie Investment Bank. Subscribers in the Directed new share issue are a wide range of Swedish and international institutional investors.

2018

THQ Nordic announces intention of a directed share issue of B shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

THQ Nordic AB (“THQ Nordic” or the “Company”) hereby announces its intention of a placement of new Class B shares corresponding to approximately 10 per cent of the total number of shares in the Company (the “New shares”) through a directed new share issue to Swedish and international institutional investors (the “Directed new share issue”).  THQ Nordic has, based on the authorization given by THQ Nordic’s Annual General Meeting on May 16, 2018, engaged Carnegie Investment Bank to investigate the conditions for a placement of new Class B shares through a so-called “accelerated book-building” procedure.


2018

Announcement from THQ Nordic’s annual general meeting

The annual general meeting (“AGM”) of THQ Nordic AB (“THQ” or the “Company”) was held today on 16 May 2018 in Stockholm and the following resolutions were passed by the meeting.

2018

THQ Nordic AB (publ) publishes Q1 2018: KOCH MEDIA DRIVE SALES IN Q1, EBIT INCREASED 236% TO SEK 107 MILLION

Our business continues to grow; net sales increased by 673% to SEK 633 million in the quarter, mainly thanks to Koch Media, which was acquired and consolidated on February 14. Excluding Koch Media, net sales were up 64% to SEK 135 million. EBITDA was up 439% to SEK 226 million and EBIT increased by 236% to SEK 107 million compared to the same period last year. Excluding Koch Media, EBIT was up 54% to SEK 49 million.

Koch Media is by far our largest acquisition to date and confirms our focus on creating value for our shareholders. With this transaction, we took a great step forward to further build a diversified, substantial and relevant player within the growing games industry. We got off to a great start together with the Deep Silver release of Kingdom Come Deliverance. I’m also happy to inform that Deep Silver will be publishing the upcoming RPG’s Wasteland 3 and Bards Tale IV. Both games are developed by InXile, a California-based studio founded by the industry legend Brian Fargo. Along with them, we are all looking forward to Deep Silver’s next key release, Metro Exodus, now expected in Q1 2019.

The THQ Nordic GmbH operations also had a good quarter with five new releases including MX vs ATV: All Out, our in-house developed sequel, released at the end of the quarter. Revenues for the THQ Nordic GmbH operations were 135 million, an increase by 68% compared to the same quarter last year. Their next key releases, Biomutant and Darksiders 3, are still under evaluation for setting a release date.

I expect the future of our well invested pipeline of products – currently at a record 54 ongoing projects – to generate growing revenues and improved profitability. In order to make the best possible return on our investments and to continue building IP value I would like to restate the importance that we are patient to deliver the expected customer experience along with finding the right release window for up-coming releases.

Meanwhile, we continue to evaluate further investments into game development projetcs for key IPs along with further potential acqusitions or strategic partnerships that could add considerable value for the group and its shareholders. Stay tuned.

– LARS WINGEFORS, FOUNDER & CEO

2018

THQ Nordic announces proposal for election of an additional board member at the annual general meeting on 16 May 2018

As previously announced in the notice for the annual general meeting on 16 May 2018 in THQ Nordic AB (“THQ Nordic” or the “Company”) a proposal for an additional director could be presented no later than on the day for the annual general meeting. The board of directors of the Company has today received information from THQ Nordic’s majority shareholders, Lars Wingefors AB[1] and Xagonus AB[2], that they propose that Ulf Hjalmarsson is elected as a new director of the Company. As a consequence of the proposal to elect Ulf Hjalmarsson as a new director, the proposal regarding board election included in the notice for the annual general meeting will be as follows.

2018

Invitation to Q1-presentation and Capital Markets Day 2018

THQ Nordic hereby invites investors, shareholders, analysts and media representatives to
participate in a presentation of the company’s Q1-report and capital markets day,
Wednesday, May 16 at Berns, Berzelii Park, Stockholm.

2018

THQ Nordic publishes annual report for 2017

THQ Nordic AB (publ) today publishes its Annual Report for 2017. The full Annual Report is available in Swedish for downloading on:
www.thqnordic-investors.com/finansiella-rapporter


2018

Invitation to Q1-presentation and Capital Markets Day 2018

THQ Nordic hereby invites investors, shareholders, analysts and media representatives to participate in a presentation of the company’s Q1-report and capital markets day, Wednesday, May 16 at Berns, Berzelii Park, Stockholm.

2018

Notice of annual general meeting in THQ Nordic AB

The shareholders of THQ Nordic AB, reg. no. 556582-6558, (the “Company”) are hereby invited to the annual general meeting on Wednesday 16 May 2018 at 15.30 pm CET at Berns, Berzeli Park in Stockholm. The doors to the meeting will open at 10.30 am CET and a presentation of the Q1-report will take place between 11.00-12.00 CET.

2018

THQ Nordic completes the acquisition of Koch Media GmbH

THQ Nordic AB (”THQ Nordic” or the “Company”) has today, through its wholly owned subsidiary, SALEM einhundertste Holding GmbH, entered into an agreement to acquire 100 percent of the share capital in Koch Media GmbH (“Koch Media”), which was announced earlier today through a press release, for a consideration of EUR 121 million on a cash and debt free basis (the “Transaction”). All conditions for the Transaction have now been fulfilled and the Transaction is thereby completed.

2018

THQ Nordic acquires Koch Media GmbH

THQ Nordic has entered into an agreement to acquire Koch Media GmbH, including, inter alia, the games developer and publisher Deep Silver with AAA-intellectual property rights such as Saints Row, Dead Island and exclusive licence for Metro.

2018

THQ Nordic AB (publ) publishes Q4 2017

THQ NORDIC Q4 EBIT INCREASED BY 102%

I’m proud of the whole THQ Nordic organisation, including our contracting developers and business partners, which has performed its most active quarter ever. We had a significant release activity in the quarter with eleven releases of which nine on own IPs. 74% of net sales came from new releases in the quarter and 26% from our back catalogue. I’m happy to note that 82% of net sales in the fourth quarter came from owned titles and 18% from publishing titles.

During the quarter, we also delivered our first in-house developed sequels to the market. Their overall performance has matched management expectations. Our new IP ELEX was well received by the fans but received mixed reviews from various media outlets due to its unique character and harsh style.

Our business grew rapidly; net sales increased by 99% to SEK 255 million in the quarter, EBITDA was up 157% to SEK 156 million and EBIT increased by 102% to SEK 102 million compared to the same period last year.

In November we acquired and welcomed the Stockholm based development studio Experiment 101 to the THQ Nordic family. They are developing one of our upcoming key titles: Biomutant. THQ Nordic has a solid growth strategy and a great position in the market which we will leverage over the coming years. I’m really looking forward to 2018, we will keep the excitement going.

– LARS WINGEFORS, FOUNDER & CEO

2018

de Blob coming to Nintendo Switch™

de Blob for Nintendo Switch™ will be released later during 2018.

2018

Legend of Kay Anniversary coming to Nintendo Switch™

Legend of Kay Anniversary for Nintendo Switch will be released later during 2018.

2018

THQ Nordic to Present its Year-End Report for 2017

THQ Nordic invites you to a live presentation of its report for the year ended 31 December 2017 on 14 February 2018, 09:00 (CET).  The event will be hosted by CEO Lars Wingefors and will be held in English. A question and answer session will immediately follow the presentation. The report will be published the same morning, well before the market opens.

Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. The group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest amongst many others.

With its head office in Karlstad, Sweden, Embracer Group has a global presence through its three operative groups: Koch Media GmbH/Deep Silver, THQ Nordic GmbH, and Coffee Stain AB. The group has eighteen internal game development studios engaging more than 2800 employees and contracted employers in more than 40 countries.